Bitcoin Price Slips as Miner Profits Decline and Spot BTC Outflows Continue In recent weeks, Bitcoin has experienced a significant decline, losing over 10% of its value amid growing concerns about a potential US recession, ongoing outflows from spot Bitcoin ETFs, and the possibility of miner capitulation. As of September 3, Bitcoin’s price dropped from […]
Bitcoin Declines as Stock Markets React to Bank of Japan Rate Increase Bitcoin begins the week on a downturn, adversely affected by comments from the Bank of Japan and a significant sell-off in the equity markets. Market Overview The price of Bitcoin (BTC) has decreased by 6.5% over the past week, continuing its slide on […]
21.co Introduces Bitcoin Wrapper on Ethereum The rollout aims to enhance the security of wrapped Bitcoin (BTC) for institutional investors and users alike. Overview of the Initiative 21.co, the parent company of cryptocurrency asset manager 21Shares, has launched a new Bitcoin wrapper known as 21.co Wrapped Bitcoin (21BTC) on the Ethereum blockchain. This announcement was […]
Terraform Wallet Transfers $62 Million in Bitcoin Amid Do Kwon’s Legal Uncertainty A wallet linked to Terraform Labs has transferred a significant amount of Bitcoin while its co-founder, Do Kwon, awaits legal proceedings related to extradition from Montenegro. Recent Developments A blockchain analysis from Arkham Intelligence reported that on September 2, a wallet associated with […]
Recent Surge of Bitcoin Investors Mirrors 2019 Price Peaks — An Analysis Investors who purchased Bitcoin at the peaks in March have been grappling with volatile price movements ever since. Recent observations indicate that Bitcoin (BTC) is presenting significant challenges to new investors, reflecting patterns similar to those observed prior to the all-time highs in […]
Bitcoin Price Approaches $60K Amid Bearish September Outlook Bitcoin (BTC) traded close to $59,000 on September 3 following a last-minute surge that resulted in a daily gain of 3.2%. BTC Price Performance Data from various trading platforms indicated that BTC experienced promising price movements ahead of the initial U.S. trading session for the week. Despite […]
Arthur Hayes Discusses the Impact of Fed Rate Cuts on Bitcoin Arthur Hayes, the co-founder and former CEO of BitMEX, has shared insights on why the recent interest rate cuts by the U.S. Federal Reserve may not significantly benefit Bitcoin’s market price. Rate Cuts and Bitcoin’s Performance In a recent post, Hayes mentioned that even […]
Bitcoin Seized in Unique Scottish Robbery Case A landmark ruling in Scotland has seen the seizure of Bitcoin for the first time, stemming from a robbery case where a woman was assaulted using an unusual weapon—a Toblerone chocolate bar. Details of the Incident In a significant development, Scottish authorities seized 23.5 BTC from an individual […]
Will Bitcoin Experience a Breakout or Breakdown? Insights from Analysts Market analysts suggest that impending interest rate cuts may positively influence Bitcoin’s price trajectory, although the market appears to be adopting a cautious approach. Current Market Sentiment For the past seven months, Bitcoin has been fluctuating within a range of $74,000 to $52,000, leading to […]
Price Analysis for September 2: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Bitcoin is making a modest attempt at recovery, but it is crucial for it to close above the $60,000 mark as a first step before both BTC and altcoins can recover from their recent downturns. The S&P 500 Index (SPX) […]
